DAI


Policy

Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.

(Aitor Diago/Getty Images)

Videos

BUSD Stablecoin Temporarily Plunges to $0.20 on Binance

Binance USD (BUSD), the third-largest stablecoin by market cap, quickly dropped to a low of $0.20 against the DAI stablecoin on Wednesday morning as liquidity dried up on the Binance crypto exchange. "First Mover" hosts weigh in on the price action.

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Markets

Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry

Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.

(Antonio Masiello/Getty Images)

Tech

DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin

Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin.

(Tom/Pixabay)

Markets

MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin

The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.

Spark Protocol would be a new liquidity market for lending and borrowing crypto assets focused on DAI. (Dawid Zawila/Unsplash)

Finance

MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions

With “scientific sustainability” as a core principle, an early draft of the proposed Maker constitution would, if approved, play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.

(DALL-E/CoinDesk)

Markets

Paxos Courts MakerDAO With Paying Yield for Holding Up to $1.5B USDP Stablecoin

The proposal by Paxos is part of MakerDAO’s effort to generate income on its $7 billion digital asset reserve.

(Getty Images)

Markets

MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves

The result averts near disaster for Gemini’s stablecoin, because MakerDAO holds 85% of all GUSD in circulation.

Tyler Winklevoss and Cameron Winklevoss, creators of crypto exchange Gemini Trust Co. (Joe Raedle/Getty Images)

Markets

MakerDAO Community Votes to Hike DAI Rewards to 1%

Some 71% of voters favored hiking the DAI Savings Rate to 1%, the highest option offered in the voting.

MakerDAO community votes to hike DAI rewards to 1% (Getty Images)

Videos

MakerDAO Community Rejects CoinShares Proposal to Invest up to $500M in Bonds

The MakerDAO community rejected a proposal to use up to $500 million in stablecoin USDC to invest in bonds with crypto investment firm CoinShares. MakerDAO founder Rune Christensen discusses the reason behind the rejection and his outlook for decentralized finance. Plus, details on the community’s voting on increasing DAI stablecoin rewards.

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